CLOSING & ESCROW / TITLE INSURANCE
There are two distinct parts to the closing process – Closing & Escrow and Title Insurance. We not only provide a stress-free, professional and friendly closing process, but we also conduct a title examination of the property to determine its ownership history, revealing any easements, restrictions, and any liens that may encumber the property. We then perform corrective action, paying off liens and clearing title issues in order to insure that sellers give and purchasers receive good clear title to the subject property.
Our team of friendly, dedicated experts will ensure that the final phase of your real estate transaction is handled with the utmost in customer care, efficiently and effectively. We will address every detail of your transaction and guide you through your closing with a proven step by step process that will get you home faster!
TITLE INSURANCE
Once your ratified contract is placed with us, we will order a title examination of the property to determine its ownership history, revealing any easements, restrictions, and any liens that may encumber the property. We then perform corrective action, paying off liens and clearing title issues. It is our primary goal to insure that sellers give and purchasers receive good clear title to the subject property.
When the closing is complete, we record documents (the Deed and the Deed of Trust/ Mortgage) in the local Land Records. Once all documents have been recorded, all funds are disbursed and existing liens are paid off. We will then issue two policies: the lenders title policy insuring they are in 1st lien position, and the owners title policy, insuring the new owners’ property rights from the date of recording of the deed, backward in time. If any previous owners caused there to be “hidden defects”, the title insurer will defend your title/ownership rights.
CLOSING & ESCROW SERVICES
At Virginia Title Solutions, we act as a neutral third-party to facilitate the transaction. We provide a stress-free, professional and friendly closing process with state of the art closing software for the utmost efficiency and accuracy.
Once all title work is complete, we collect all information from all parties to the transaction regarding the conveyance. We then collect buyer and lender’s funds, conduct the closing, record documents, and disburse the funds to appropriate parties. Our primary goal is to give all parties a place to complete the process quickly, accurately, and professionally.
Our team of friendly, dedicated experts will ensure that the final phase of your real estate transaction is handled with the utmost in customer care, efficiently and effectively. We will address every detail of your transaction and guide you through your closing with a proven step by step process that will get you home faster!
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